Daily Market Report 11/18/15

GOLD

The U.S. Dollar continues to strengthen ($1.04 versus the Euro) while the Gold price remains under attack from professional short sellers and chart technicians. Recent Gold trading remains weak as Gold hits new multi-year lows, approaching the 2010 low of $1,058 per ounce. At 11am PDT today, Gold is down $2 per ounce, trading at $1,068 on average volume.

SILVER

Silver did test the $14 per ounce support level this morning, reaching a low of $14.02 per ounce. The Silver market continues to be sold on rallies while moving lower. At 11am PDT today, Silver is trading at $14.15 per ounce, down $0.05 on normal volume.